ProShares UltraPro Short QQQ $SQQQ Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its stake in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) by 139.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,558 shares of the company’s stock after acquiring an additional 23,059 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ProShares UltraPro Short QQQ were worth $602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. purchased a new stake in ProShares UltraPro Short QQQ during the 1st quarter worth about $7,668,000. SBI Securities Co. Ltd. lifted its holdings in ProShares UltraPro Short QQQ by 20.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 19,327 shares of the company’s stock valued at $378,000 after purchasing an additional 3,257 shares in the last quarter. Creative Planning acquired a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth about $1,986,000. JPMorgan Chase & Co. acquired a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth about $400,000. Finally, MAI Capital Management purchased a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth about $38,000.

ProShares UltraPro Short QQQ Price Performance

NASDAQ:SQQQ opened at $70.07 on Friday. The firm has a 50 day simple moving average of $68.00 and a 200-day simple moving average of $73.55. ProShares UltraPro Short QQQ has a 1-year low of $61.72 and a 1-year high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were issued a $1.5055 dividend. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21. The ex-dividend date was Wednesday, December 24th. This represents a $6.02 annualized dividend and a yield of 8.6%.

ProShares UltraPro Short QQQ Profile

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.